Prudential Financial Inc. Has $9.74 Million Stake in M/I Homes, Inc. (NYSE:MHO)

Prudential Financial Inc. lowered its holdings in M/I Homes, Inc. (NYSE:MHO) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,240 shares of the construction company’s stock after selling 14,824 shares during the quarter. Prudential Financial Inc. owned about 0.26% of M/I Homes worth $9,737,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MHO. Principal Securities Inc. bought a new position in shares of M/I Homes in the fourth quarter valued at about $27,000. R Squared Ltd bought a new position in shares of M/I Homes in the fourth quarter worth about $33,000. Steward Partners Investment Advisory LLC bought a new position in shares of M/I Homes in the fourth quarter worth about $70,000. Jones Financial Companies Lllp acquired a new position in shares of M/I Homes during the fourth quarter worth approximately $80,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of M/I Homes during the third quarter valued at approximately $86,000. Institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Down 2.6 %

MHO opened at $113.70 on Friday. The firm has a 50 day simple moving average of $121.29 and a 200 day simple moving average of $143.23. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 5.77 and a beta of 2.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, sell-side analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MHO shares. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Raymond James restated a “strong-buy” rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Finally, Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

About M/I Homes

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.